Itafos Inc (TSE:IFOS) has released an update.
Itafos Inc. has announced a strong financial performance for Q4 and the fiscal year of 2023, with revenues reaching $465.5 million and an adjusted EBITDA of $131.8 million. The company also reported a solid safety and operational record and is making steady progress on its H1/NDR capital project, which is on track and budgeted to begin mining by Q4 2025. Despite an impairment at Arraias and a net loss in Q4, the overall FY 2023 results showed a net income and a positive free cash flow, alongside an optimistic outlook for continued demand and tighter US supply contributing to stronger pricing conditions.
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